National Lampoon recently purchased its first feature film, “Electric Apricot,” a comedy about the jam band phenomenon. It’s also planning to release this year its first inhouse feature production, “National Lampoon’s Bagboy,” starring Brooke Shields, Dennis Farina and Larry Miller, as it moves into producing its own fully financed comedies.

Company’s been involved in more than two dozen pics starting with 1978’s “Animal House,” usually through licensing.